CNOOC Makes Mid-to-Large Oil, Gas Discovery in Bohai Bay

Hess To Form MLP For North Dakota Oil, Gas Transport Assets
CNOOC makes mid-to-large oil and gas discovery at Jinzhou 23-2-3 exploration well in China's Bohai Bay.

China National Offshore Oil Corp. Ltd. (CNOOC) announced Friday that it has made a mid-to-large new oil and gas discovery at Jinzhou 23-2 in China's Bohai Bay.

The Jinzhou 23-2 structure is located to the north of Liaodong Uplift in Bohai Bay with an average water depth of about 32.8 feet (10 meters).

The Jinzhou 23-2-3 well, drilled and completed at a depth of 3,599 feet (1,097 meters), encountered oil and gas pay zones with a total thickness of 224.4 feet (68.4 meters). Test at the well yielded around 260 barrels per day of oil.

"The exploration success of Jinzhou 23-2 not only demonstrated the structure belt has excellent reservoir quality, but also proved the good exploration prospects in the north part of Liaodong Uplift," CNOOC said in a press release.

The latest discovery comes just over a month after CNOOC announced it found gas at Lingshui 17-2 well in the northern part of the South China Sea, 94 miles south of China's southern Hainan Island, with the well drilled by Hai Yang Shi You 981 or HYSY981 (UDW semisub).

Driven by rising domestic energy consumption, China has been active in tapping its petroleum resources. In this regard, CNOOC issued an invitation Sept. 11 for foreign companies to bid for 33 exploration blocks located offshore China, with submissions to be made by April 30, 2015.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Chee Yew Cheang
APAC Editor | Rigzone
 -  Malaysia's InvestKL Woos Top Oil, Gas ... (Oct 6)
 -  Petrobangla Invites EOIs for 3 Offshor... (Sep 30)
 -  Malaysia's SapuraKencana Posts 7.1% Ga... (Sep 29)
 -  TH Heavy Engineering, McDermott End Pa... (Sep 26)
 -  Singapore's NUS Slowly Builds its Petr... (Sep 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
Sr Petrophysicist - Delaware Basin Technology
Expertise: Petrophysicist
Location: Midland, TX
 
DRC Analyst I
Expertise: Engineering Technician|Geoscience Technician|Laboratory Ops / Tech
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours